OTTAWA, June 15, 2017 /CNW Telbec/ - LeoNovus Inc. ("LeoNovus") (TSXV: LTV) is pleased to announce that it has retained First Canadian Capital Corp. ("First Canadian") as a consultant to provide strategic marketing and investor relations ("IR") services to raise Leonovus' profile within the technology community. FCCC will initiate and maintain ongoing dialogue with retail brokers, analysts, portfolio managers and media groups to positively enhance market awareness of Leonovus.
Under the terms of the agreement with First Canadian (the "Agreement"), Leonovus will pay First Canadian $6,000 per month for a period of one year (for an anticipated total cost of $72,000) and has granted 750,000 stock options at an exercise price of $0.065 (six and one-half cents) per share, which shall vest in accordance with the company's stock option plan and the policies of the TSX Venture Exchange. The Agreement and related stock option issuance to First Canadian remain subject to the approval of the TSX Venture Exchange.
Jason Monaco, partner at First Canadian, commented; "First Canadian is very pleased to be working with the well-established management team at Leonovus. We look forward to adding value to the company's development and involving our network as they roll out their unique offering in 2017 and beyond."
"We believe that expanding our messaging to new investors, in addition to supporting information to current investors, by having IR professionals manage our communications activity is important. Management will have more time to focus on running the business and building the customer base, which in turn provides more and better information for our customers. We are pleased to add Jason and his team to the Leonovus team", said Michael Gaffney, Chairman and CEO.
About Leonovus Inc.
Leonovus is a cloud solutions software provider that offers the leading software-defined object storage solution (SDOSS) and governance, risk management and compliance solution for the modern enterprise. Designed with the IT manager in mind, Leonovus' patented algorithms virtualize, slice and disperse data across a network of on-premises, hybrid or multi-cloud storage nodes – allowing for the most secure yet internally accessible form of object-based data storage that provides across the entire solution. The advanced geo-distributed architecture minimizes latency, optimizes geo-availability, reduces remote backup costs and meets data sovereignty requirements. With its software and hardware agnostic design, Leonovus provides Petabyte scalability and allows the enterprise to utilize its existing idle storage resources, extend the useable lifespan of depreciated resources and improve the enterprise's overall ROI. To learn more, please visit www.leonovus.com.
About First Canadian Capital
Based in Toronto and celebrating its 20th year, First Canadian develops strategic platforms for North American corporations that are utilized to gain exposure and recognition to the capital markets. First Canadian's core competencies are found in identifying quality assets and undervalued companies with high growth potential.
SOURCE LeoNovus Inc.
For further information: First Canadian Capital Corp., George Aizpurua, Tel: 647-500-2389/416-742-5600, [email protected]